12 Oct
|
Bizpact Shared Services
|
Bengaluru
12 Oct
Bizpact Shared Services
Bengaluru
Job Title: Finance Manager
Location: Bommenahalli, Bangalore
Industry: Apparel Retail (EBO, MBO & Online)
Preference Criteria: Local candidates based in Bangalore are highly preferred. Candidates with prior experience in the Retail industry or a similar industry (Apparel, FMCG, E-commerce, Consumer Products) will be given strong preference.
About the Industry The organisation operates in the sustainable apparel and fashion retail space, crafting premium clothing from 100% organic cotton, khadi, and pure linen certified under recognised organic textile and khadi industry standards. The brand is built on a mission to make timeless, sustainable fashion mainstream, and sells across Exclusive Brand Outlets (EBO), Multi-Brand Outlets (MBO), and E-commerce channels.
It is backed by an established garment manufacturing group with nearly three decades of experience, a workforce of over 1,400 employees, and a track record of producing for well-known global fashion brands. This combination gives the organisation the agility of a young, purpose-driven brand along with the stability, manufacturing excellence, and supply chain strength of a mature industry player.
Role Overview The Finance Manager will be responsible for managing end-to-end finance operations, ensuring robust accounting controls, timely reporting, statutory compliance, and effective working capital management across EBO, MBO, and online channels.
Key Responsibilities
- Oversee day-to-day accounting activities including sales, purchases, expenses, provisions, and accruals.
- Ensure accurate and timely month-end and year-end closure.
- Maintain proper books of accounts in line with accounting standards.
- Monitor billing, collections, and reconciliation for EBO, MBO, and online channels.
- Review accounts reconciliation with MBO partners, distributors, and marketplaces.
- Review discounts, schemes, and credit notes in coordination with sales teams.
- Supervise vendor payments and ensure adherence to credit terms and approval matrix.
- Review vendor reconciliations and resolve differences.
- Ensure proper documentation and approvals before releasing payments.
- Monitor advances to vendors and ensure timely adjustment.
- Manage daily cash flow, fund planning, and bank balances.
- Oversee banking transactions, payment processing, and bank reconciliations.
- Monitor working capital and support management with cash flow forecasts.
- Ensure compliance with GST, TDS, income tax, and other statutory requirements.
- Coordinate with consultants and auditors for returns, audits, and assessments.
- Ensure timely filing of returns and closure of audit points.
- Support in monthly MIS, financial statements, and variance analysis.
- Support budgeting, forecasting, and cost control initiatives.
Candidate Profile
- Qualified CA is mandatory.
- 8-12 years of relevant experience post-qualification, preferably in retail/apparel.
- Strong knowledge of accounting, taxation, and working capital.
- Good Excel and ERP/accounting system skills.
- Experience managing a finance team.
Local candidates based in Bangalore are highly preferred. Candidates with prior experience in Retail or a similar industry (Apparel, E-commerce, Consumer Products) will be given preference.
📌 Finance Manager (Bengaluru)
🏢 Bizpact Shared Services
📍 Bengaluru